Srivari Spices & Foods Ltd

Srivari Spices & Foods Ltd

Srivari Spices & Foods Ltd (formerly known Srivari Spices and Foods Private Limited) was incorporated on January 29 2019 as a Private Limited Company issued by the Deputy Registrar of Companies Central Registration Centre. Later on Company converted into a Public Company and the name of Company was changed to `Srivari Spices and Foods Limited' through fresh certificate of incorporation dated December 27 2022 by the Registrar of Companies Telangana at Hyderabad. The Company is engaged in the business of manufacturing spices and flour (chakki atta) and market it in and around Telangana and Andhra Pradesh. It handpick raw materials from various parts of the country and process these products with utmost care without use of artificial preservatives or chemicals through creation a product portfolio of organic spices and flour which carry the freshness and goodness of each ingredient. The business has two model first is direct to customer (D2C) in nature wherein the Company deliver their products directly at the doorstep of customers using approximately 15000 retail stores. Secondly it work in business to business (B2B') wherein it deliver products to the suppliers. The Company operate from 2 manufacturing units located in Telangana namely Unit - I and Unit - II. It had business operations from Unit - I and had set up Unit - II to expand its manufacturing operations. Unit-II has been set up to manufacture `Srivari Whole Wheat Atta' and `Sharbati Atta' thereby enabling to expand the product portfolio and customer base. In 2019 the Company started business operations by establishing a state of art production facility at Jalpally Village Dist. Ranga Reddy in Telangana and manufacturing turmeric powder (haldi) chilli powder (mirchi) and coriander powder (dhaniya). Thereafter in 2020 the Company expanded business operations through diversification of product portfolio and manufacturing madras sambar masala chicken masala garam masala and mutton masala in pouches boxes and bottles. In 2021 the Company further expanded the mode of business operations by setting up a new manufacturing unit at Raikal Village in Telangana and finally in 2022 Company introduced a new class of product by manufacturing whole wheat flour (chakki atta). The Company is proposing of issuing upto 2200000 Equity Shares through Fresh Issue.